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Sees small selling post UK PMI miss

  • EURGBP test session high, while Cable turns offered on the Services PMI miss.
  • EURGBP test MNI tech resistance at 0.8593 100-dma.
  • Above the latter opens to 0.8618 76.4% retracement of the Jul 20 - Aug 10 sell-off
  • As per Markit: "Recovery loses momentum as supply constraints hit output growth in both the manufacturing and service sectors".

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